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Property profile & analytics
FOR LEASE
Office buildings
Long Island City, NY 11101
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US63-1165231
For Lease
1 / 5
$6,700/Mo
Long Island City, NY 11101
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1930
Total area
113,320 SF
Lot
1.12 ac (48,831 SF)
Zoning code
M1-3
APN
00366-0001
UPID
US63-1165231
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Baring Industries Big Box & Wholesale Store
-
Limited Interiors Group Interior Design Home Decor Store
-
Sidecar Studios (Bike/Boat/Book/etc) Store Photography Service
-
L S O Orthotics Group Orthotics & Prosthetics Service
-
BP Print Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.46M
Blend (final)
Blend
$13.48M
Owner & transaction history
37-24th Street Equities LLC · 19 yrs held
37-24th Street Equities LLC
since 2007
6 recorded transactions
Zoning & alternative use
M1-3 · Long Island City, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Long Island City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long Island City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.48M
Range $12.13M – $14.82M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$119 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$139,656
Tax year 2024
Assessed value
$4,787,100
Assessed 2024
Previous assessed
$5,122,260
-6.5% YoY
Effective rate
2.92%
On assessed value
Assessed land
$1,318,500
Assessed improvement
$3,468,600
Land market value
$2,930,000
Improvement market value
$7,708,000
Total market value
$10,638,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1930
Heating
NONE
Buildings
3
Stories
3
Units
62
Total area
113,320 SF
Lot
1.12 ac (48,831 SF)
Zoning code
M1-3
APN
00366-0001
UPID
US63-1165231
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-3 · Long Island City, NY
Zoning M1-3 · permitted uses
M1-3 · Long Island City, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Long Island City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
3
Buildings
3
Units
62
Lot
1.12 ac
Current owner
From public records · entity-resolved
37-24th Street Equities LLC
Entity
Mailing address
3724 24TH ST, LONG ISLAND CITY, NY 11101-3553
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2017
—
37-24 24th Street Equities LLC
—
Loan Modification, Consolidation And Extension
related
$16,500,000 · Signature Bk
Jul 13, 2007
—
37-24th Street Equities LLC
Bacharach Lic Holdings LLC
Grant Deed
related
—
Apr 1, 2004
$6,700,000
Bacharach Lic Holdings LLC
Gaff Realty Company
Grant Deed
related
—
—
—
37-24 24th Street Equities LLC
—
Deed Of Trust
related
$5,747,747 · Signature Bk
—
—
Clinton Hill Equities LLC
—
Deed Of Trust
related
$4,500,000 · Prestige Mortgage
—
—
Clinton Hill Equities LLC
—
Deed Of Trust
related
$1,500,000 · Manufacturers Traders & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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